Westwood Holdings Group Inc. boosted its holdings in shares of Continental Building Products, Inc. (NYSE:CBPX) by 50.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 832,985 shares of the construction company’s stock after purchasing an additional 279,193 shares during the period. Westwood Holdings Group Inc. owned approximately 2.17% of Continental Building Products worth $19,408,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Rockshelter Capital Management LLC grew its position in Continental Building Products by 0.4% during the 2nd quarter. Rockshelter Capital Management LLC now owns 582,922 shares of the construction company’s stock worth $13,582,000 after purchasing an additional 2,175 shares during the last quarter. Susquehanna International Group LLP grew its position in Continental Building Products by 75.6% during the 2nd quarter. Susquehanna International Group LLP now owns 76,079 shares of the construction company’s stock worth $1,773,000 after purchasing an additional 32,744 shares during the last quarter. California State Teachers Retirement System grew its position in Continental Building Products by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock worth $1,632,000 after purchasing an additional 654 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Continental Building Products by 12.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,318 shares of the construction company’s stock worth $706,000 after purchasing an additional 3,245 shares during the last quarter. Finally, Westover Capital Advisors LLC purchased a new position in Continental Building Products during the 2nd quarter worth $266,000.

Continental Building Products, Inc. (NYSE CBPX) remained flat at $26.80 during mid-day trading on Friday. The company’s stock had a trading volume of 48,735 shares. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.66 and a beta of 1.28. Continental Building Products, Inc. has a 12 month low of $18.35 and a 12 month high of $26.95. The stock’s 50-day moving average is $25.00 and its 200-day moving average is $23.86.

Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities analysts forecast that Continental Building Products, Inc. will post $1.29 earnings per share for the current fiscal year.

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Several research analysts have issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Continental Building Products in a research report on Monday, June 19th. SunTrust Banks, Inc. reissued a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, August 7th. Finally, BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Continental Building Products currently has an average rating of “Hold” and a consensus target price of $27.25.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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